Citizens Financial Group Inc. RI Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Citizens Financial Group Inc. RI grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 47.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,219 shares of the basic materials company’s stock after purchasing an additional 3,605 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in DuPont de Nemours were worth $903,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours in the first quarter valued at about $25,000. ESL Trust Services LLC acquired a new position in shares of DuPont de Nemours during the first quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in shares of DuPont de Nemours in the 1st quarter valued at approximately $28,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the 2nd quarter worth approximately $28,000. Finally, Cassady Schiller Wealth Management LLC grew its position in DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, UBS Group upped their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Trading Up 1.1 %

DuPont de Nemours stock opened at $82.88 on Wednesday. The firm has a market cap of $34.65 billion, a PE ratio of 101.07, a P/E/G ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The stock’s 50 day simple moving average is $80.56 and its two-hundred day simple moving average is $78.37. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. Analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.